Selected comparative financial statement information of Bluegrass Corporation follows. Required 1. Compute each year's current ratio. (Round

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Selected comparative financial statement information of Bluegrass Corporation follows.
Selected comparative financial statement information of Bluegrass Corporation follows.
Required
1.

Required
1. Compute each year's current ratio. (Round ratio amounts to one decimal.)
2. Express the income statement data in common-size percents. (Round percents to two decimals.)
3. Express the balance sheet data in trend percents with 2013 as the base year. (Round percents to two decimals.)
Analysis Component
4. Comment on any significant relations revealed by the ratios and percents computed.

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Managerial Accounting

ISBN: 978-0078025600

5th edition

Authors: John Wild, Ken Shaw

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